Quote:
Originally Posted by motion
I haven't sold a car since like forever, so I don't know how these things work. A nice older gentleman has agreed to buy my wife's C250 and sent me a $1000 deposit via Paypal to hold the car (2 days ago). He was supposed to come tomorrow to pay for the car and pick it up. So, he and his wife go to a MB dealership where they live today (its 2 hours from me) and he says that the wife doesn't like the silver color of my car. So now he wants to cancel the purchase (which hasn't been consumated yet). In the meantime, I've told 3 parties that the car is sold and answered endless emails from him. Assuming the right thing to do is just eat it and return his deposit?
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In my mind a deposit holds the car so you don't sell it to someone else and if the buyer doesn't buy, you get to keep the deposit. I also know that I wouldn't feel good keeping that much money for only holding it for two days, of course in that time you may have lost several buyers as well. so I would agree that the right thing to do is to return the money, but it would annoy me as well.
Second point is could it be a scam where you give him back his money even by PayPal and somehow he pulls his and you pay him yours?